Regional Accounting Specialist

Location: Linwood, NJ | On-Site

About the Opportunity

An established insurance agency is seeking an experienced and detail-oriented Regional Accounting Specialist to join its accounting team. This role supports the financial operations of multiple insurance agencies, with responsibilities spanning general accounting, carrier payments, premium trust accounting, financial reconciliations, and reporting.

Experience in insurance agency or brokerage accounting is strongly preferred, and familiarity with Vertafore AMS360 is a significant plus.

Key Responsibilities

Accounting & Financial Operations

• Support daily accounting activities, including accounts payable, accounts receivable, cash receipts, vendor payments, and general ledger transactions.


• Process invoices, deposits, expense reports, and other financial transactions.


• Perform bank and general ledger reconciliations.


• Assist with month-end, quarter-end, and year-end closing activities.


• Investigate and resolve accounting discrepancies, outstanding balances, and historical transactions.


• Prepare account analyses, reconciliation reports, and supporting financial schedules.

Insurance Accounting & Carrier Payments

• Prepare, process, and reconcile insurance carrier payments, ensuring timely and accurate remittance.


• Reconcile carrier billing statements, premium payables, commission receivables, and related financial transactions.


• Process and reconcile direct bill and agency bill transactions.


• Maintain and reconcile premium trust accounts in accordance with applicable regulatory requirements and internal controls.


• Assist with producer commission reconciliations and payment processing.


• Monitor outstanding balances, unapplied payments, and commission discrepancies.


• Collaborate with insurance carriers and internal departments to resolve accounting and payment discrepancies.

Systems & Process Improvement

• Utilize accounting software and agency management systems to maintain accurate financial records.


• Support accounting system conversions, financial data migrations, and reconciliation projects.


• Assist with standardizing accounting procedures across multiple agencies.


• Identify opportunities to improve accounting workflows, reporting accuracy, and internal controls.


• Collaborate with accounting, operations, and finance leadership on special projects.

Qualifications

Required:

• Minimum of 5 years of accounting experience, including general ledger accounting, accounts payable, accounts receivable, and financial reconciliations.


• Strong understanding of accounting principles and financial reporting.


• Proficiency in Microsoft Excel and Microsoft 365 applications.


• Excellent analytical, organizational, and problem-solving skills.


• Strong attention to detail and ability to independently manage competing priorities.


• Effective written and verbal communication skills.


• Ability to maintain confidentiality of sensitive financial information.

Preferred:

• Bachelor's degree in Accounting, Finance, or a related field.


• Experience in insurance agency, brokerage, or insurance-related accounting.


• Experience with Vertafore AMS360, particularly accounting, commission processing, and financial reporting.


• Knowledge of direct bill and agency bill accounting, carrier payment processing, and premium trust accounting.


• Experience with multi-entity or multi-branch accounting.


• Advanced Excel proficiency, including pivot tables, XLOOKUP, and financial data analysis.


• Experience with accounting system conversions, process improvements, or automation initiatives.

Compensation Package

• Salary: Commensurate with experience.  


• Benefits: Includes comprehensive vacation/sick time, health and vision insurance, life insurance, and long-term disability coverage.

Disclaimer: Please note that this job description may not cover all duties, responsibilities, or aspects of the role, and it is subject to modification at the employer’s discretion.

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